I'd like to know my rights in this matter.
I live in a four-plex building. Currently there are only 3 residents in the building; me, my neighbor with his roommate and dog.
They gave me and my neighbor a voluntary termination of tenancy letter and a 60 day notice of tennant termination form and asked us to sign them. We didn’t. They say the apartment building is sold, but checking the MLS today it still says sale pending for over a year now.
My building is rent control as they have only increased my rent about 3% a couple of times during my stay here. My neighbor and I have lived there for about 5 years now under separate leases (since 2009). We're both month to month now. We both have perfect rental history there and never had any issues. We've known since moving in that they wanted to demolish the apartment but nothing has happened till now.
We both don't want to move. Finding a comparable apartment in the neighborhood is far more expensive and they don't offer the same living situation to what we have now.
I'm asking for you help as to what our options/rights are. They want to build high priced condo's ($2million) in place of our building and say they have plans and permits to do so. I'm confused that they want to move us out to build expensive condo's in place of affordable apartment housing.
Thank you for your time.